District of Columbia Real Estate Market Sees Sales Decline

In this week's report, the number of homes sold in the District of Columbia market fell to 823 over the past 30 days, a decrease of 4.5% from last week's report, but still above the monthly average. The median sales price climbed to $600,000, up from last week's $594,375. Despite the slip in sales, a relatively low two months of inventory indicates that District of Columbia is a solid seller's market.

If you have been waiting for prices to drop, now is your chance to look at these listings in District of Columbia:

$6.9M   $3.8M   $9M  

Get started right now by checking out District of Columbia homes for sale or reviewing District of Columbia real estate trends.

Demographic facts for District of Columbia:

  • The population is currently 601,723.
  • The property tax in this area is $6.16/$1,000.
  • Here are some of the distributions of commute times for the area: <15 min (14.7%), 15-29 min (36.2%), 30-44 min (29.4%), 45-59 min (10.4%), >60 min (9.4%).

Data reported through 6/14/2017

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